Key Developments For McCormick & Schmick's Seafood Restaurants, Inc.
McCormick & Schmick's Seafood Restaurants, Inc. (MSSR.O) (Consolidated Issue listed on NASDAQ Global Market)
McCormick & Schmick's Seafood Restaurant Announces Appointment Of Michelle Lantow As Chief Financial Officer
McCormick & Schmick's Seafood Restaurant announced the appointment of Michelle Lantow as its Chief Financial Officer, effective January 6, 2010.
McCormick & Schmick's Seafood Restaurant Lowers FY 2009 Revenue Guidance; Reaffirms FY 2009 EPS Guidance
McCormick & Schmick's Seafood Restaurant announced that based upon the Company's revenue performance through the first nine months of 2009 and expectations for the fourth quarter 2009, the Company has revised its annual revenue guidance to $360.0 million to $365.0 million, compared to its previous expectations of approximately $370.0 million. The Company reaffirmed its annual earnings guidance of $0.25-$0.30 per fully diluted share (EPS). According to Reuters Estimates, analysts were expecting the Company to report revenue of $364 million and EPS of $0.27 for fiscal 2009.
McCormick & Schmick's Seafood Restaurant Reaffirms FY 2009 Guidance
McCormick & Schmick's Seafood Restaurant reaffirmed its fiscal 2009 guidance and expects revenue of approximately $370.0 million and diluted earnings per share (EPS) range of $0.25-$0.30. According to Reuters Estimates, analysts are expecting the Company to report revenues of $373.1 million for the same period.
McCormick & Schmick's Seafood Restaurant's CFO Mr. Hilario Ceases To Be Employed-Form 8-K
McCormick & Schmick's Seafood Restaurant reported in its Form 8-K that effective May 21, 2009, Emanuel N. Hilario ceased to be employed by the Company. Mr. Hilario was previously employed as Chief Financial Officer of the Company.
McCormick & Schmick's Seafood Restaurant Reaffirms FY 2009 Revenue Guidance; Comments On FY 2009 Comparable Restaurant Sales Guidance; Raises FY 2009 EPS Guidance
McCormick & Schmick's Seafood Restaurant affirmed its fiscal 2009 revenues guidance of approximately $370.0 million, assuming a 13% comparable restaurant sales decrease for the full year. The Company has increased its diluted earnings per share (EPS) guidance to approximately $0.25-$0.30, compared to its prior guidance of $0.20, primarily due to better than expected results in the first quarter 2009, combined with a lower expected annualized effective tax rate for fiscal 2009. Furthermore, for every percentage point change in annual comparable restaurant sales, the Company expects a corresponding change in annual earnings per share of approximately $0.04-$0.06. According to Reuters Estimates, analysts were expecting the Company to report revenue of $372.9 million and EPS of $0.23 for fiscal 2009.
